J.P. Morgan Upgrades Rexel, Sees 30% EPS Growth

J.P. Morgan upgrades Rexel to overweight, raising price target to thirty-nine euros and fifty cents. Analysts expect thirty percent adjusted earnings per share growth over the next two years, driven by European residential market recovery, US data center success, and easing headwinds in solar and US automation sectors. US business, particularly data centers, is a key growth driver, with margins stabilizing and Rexel trading at a fifty percent discount to peers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.